Global Trade Alert
Global Trade Alert

Indonesia: Changes to the FDI rules concerning Indonesian digital banking

Announcement

30 Jul 2021

In July 2021, the government of Indonesia introduced several changes in connection to the country's FDI requirements for investments in digital banking.

Source

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Number of interventions

4

2 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

30 Oct 2021

Revocation date:

No revocation date

Updated: 30 Jul 2021
Labour market access In force
On 30 July 2021, the government of Indonesia issued the Financial Services Authority (OJK) Regulation No. 12/POJK.03/2021, allowing Indonesian digital banks to employ foreign workers as their director...
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Updated: 30 Jul 2021
FDI: Entry and ownership rule In force
On 30 July 2021, the government of Indonesia issued the Financial Services Authority (OJK) Regulation No. 12/POJK.03/2021, increasing the limit of single ownership for a foreign investor in the Indone...
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Implementation date

30 Oct 2021

Revocation date:

No revocation date

Updated: 30 Jul 2021
FDI: Treatment and operations, nes In force
On 30 July 2021, the government of Indonesia issued the Financial Services Authority (OJK) Regulation No. 12/POJK.03/2021 requiring the foreign investor(s) to deposit a minimum capital of IDR 10 trill...
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Updated: 30 Jul 2021
FDI: Entry and ownership rule In force
On 30 July 2021, the government of Indonesia issued the Financial Services Authority (OJK) Regulation No. 12/POJK.03/2021 requiring the foreign investor(s) to form a joint venture with Indonesian comp...
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